When you think about stocks and the stock market it comes across as boring and an unengaging topic of the business world. The stock market is actually the complete opposite. It's an exciting place where people gamble with luck as well as skill on growing and prospering companies. I have invested in a few stocks, Yamana Gold, Silver Wheaton and Penney Company during an experiment with the lively and ever changing stock market.
I decided to invest in Yamana Gold, Silver Wheaton Company and J.C Penney because I believed they would show the most results and profit throughout the stock market unit. Yamana Gold is a well known mining, extracting and gold processor. I decided to invest over two hundred shares in this stock because it was at a low point and I believed that the gold market was going to increase. I observed that the gold market or gold company market fluctuates frequently from the stocks charts. Since the company I was interested in was in a low I knew it had to increase at some point. My dad recommended I invest in a silver company stock because the silver market was picking up. I invested in this stock as it was increasing. I chose Silver Wheaton Company because the stock had been increasing steadily over the past weeks so I thought it would be a solid long-term stock. I invested in J.C. Penney because the department stores are known to gain money in their stocks over the Holidays and on spring sales. Also this market doesn't fluctuate as much as the other mineral companies and it provides balance in my stocks. I felt that these companies would produce a large profit over the twenty-four weeks I owned them.
After completing this project I would've invested a little differently, if I could do it all over again I would've changed where I invested my money and when I invested. First, I would've changed how much and when I invested. It's very important to invest when a company is having a low. The problem is not all of my companies had a low at the same time. When the market is falling it’s called a bear market. When the market is rising it’s called a bull market. The best time to buy is when the market looks like it’s going from a bear market to a bull market. If I had bought my stocks in between this change I would have made a greater profit. The second thing I would change would be to invest less in two of my stocks and more in one of them. I would invest less in Yamana Gold because it was a steady stock but it didn’t get me as large profit that I though it would’ve. I also would’ve invested less in J.C. Penney because this stock didn’t always profit, it had a few weeks of loss. I would’ve liked to invest more in Silver Wheaton because it made me the greatest profit out of all my stocks. This stock was a risk because I know it could’ve profited or lost my money, but I knew it would rise and profit. If I had taken more of a chance on it I could’ve made a lot more money. I’m glad I had the chance to experiment with stocks, but after doing this experiment there are some things I would’ve done a lot differently.
I would tell future investors to research the stocks their interested in, as well stocks that have a reason for profit. Researching stocks is the most important part of investing. It’s important to look at how the stocks have done over the last weeks and think about how they will do over the weeks that you will own them. You may think a stock is good just by the profit their makings currently, if that’s true, don’t invest in it when it’s having a peak. You will see more results when the stock is bought at a low rather than a high. It’s also important to use your best judgment. Even if you just found your favorite clothing or toy brand, you still have to check if the stock has done well lately and if it’s well known. If an inexpensive stock is predicted to make a lot of money you may want to invest in it. You may be in for the best profits. It’s important to learn what others have to say, but when it comes down to your money follow your instincts.
I hope my experience has taught you about the stock market. That even though it seems to be a place in some big city that only business men work in, you can be a part of it too. The stock market and the thousands of stocks in it are always open for you to invest in if you’d like. Yamana Gold, Silver Wheaton and Penney Company were great choices for me I hope you can be just as fortunate with stocks as I was. Always remember, the stock market is a roller coaster, you’re just along for the ride.